Center For Sight & Hearing
- Assets
- $9.1m
- Revenue
- $458.1k
- Investments
- $0.0
- Employees
- 16
- Location
- Rockford, IL
- Founding
- 02/1972
- Data as of
- 06/2022
- EIN
- 36-2486669
Organization Overview
Center For Sight & Hearing is located in Rockford, IL. The organization was established in 1972. According to its NTEE Classification (G41) the organization is classified as: Eye Diseases, Blindness & Vision Impairments, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Center For Sight & Hearing employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Sight & Hearing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Center For Sight & Hearing generated $458.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROGRAMS, SERVICES, AND TRAINING TO VISUALLY AND/OR HEARING IMPAIRED INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROGRAMS, SERVICES, AND TRAINING TO ASSIST THOSE WITH VISION AND/OR HEARING IMPAIRMENTS TO LEAD A COMPLETE LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Mall President | Officer | 40 | $109,121 |
Dr David Powell Audiologist | 40 | $103,587 | |
Jean Beranek Chairman | OfficerTrustee | 1 | $0 |
Joel Lynch Vice Chairman | OfficerTrustee | 1 | $0 |
Mike Schultz Secretary | OfficerTrustee | 1 | $0 |
Pam Graney Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $312,924 |
| All other contributions, gifts, grants, and similar amounts not included above | $319,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $632,864 |
| Total Program Service Revenue | $1,056,668 |
| Investment income | -$196,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,140 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $16,599 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $458,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,835 |
| Compensation of current officers, directors, key employees. | $30,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $765,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,793 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,398 |
| Travel | $16,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,457 |
| Insurance | $20,598 |
| All other expenses | $59,996 |
| Total functional expenses | $1,905,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,163 |
| Savings and temporary cash investments | $46,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,848 |
| Prepaid expenses and deferred charges | $2,488 |
| Net Land, buildings, and equipment | $2,461,320 |
| Investments—publicly traded securities | $1,222,474 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,937,457 |
| Total assets | $9,055,491 |
| Accounts payable and accrued expenses | $234,509 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $238,020 |
| Net assets without donor restrictions | $3,880,014 |
| Net assets with donor restrictions | $4,937,457 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,055,491 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Center For Sight & Hearing has recieved totaling $3,628.
| Awarding Organization | Amount |
|---|---|
Ralph J Baudhuin Foundation Rockford, IL PURPOSE: HEALTH | $2,000 |
Ben Harding Family Foundation Rockford, IL PURPOSE: GENERAL | $1,000 |
Frances Schwenkner Charitable Tr 12052003 Rockford, IL PURPOSE: GENERAL FUNDING | $623 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,753,784 |
| Earnings | -$192,331 |
| Other Expense | $113,041 |
| Ending Balance | $1,448,412 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Lions Eye Research Foundation Kansas City, MO | $11,391,885 | $10,320,745 |
Beyond Vision Inc Milwaukee, WI | $23,591,708 | $9,394,034 |
National Society To Prevent Blindness Chicago, IL | $17,829,229 | $4,816,823 |
Kleb Inc Louisville, KY | $1,708,878 | $3,338,144 |
Vision Forward Association Incorporated Milwaukee, WI | $6,770,094 | $2,817,896 |
League For The Blind And Disabled Inc Fort Wayne, IN | $13,675,160 | $2,904,502 |
Center For Sight & Hearing Rockford, IL | $9,055,491 | $458,096 |
Delta Gamma Center For Children With Visual Impairments Saint Louis, MO | $8,354,019 | $2,664,417 |
St Louis Society For The Blind St Louis, MO | $19,259,060 | $3,202,136 |
Horizons For The Blind Inc Crystal Lake, IL | $4,367,983 | $2,299,343 |
Indiana Optometric Association Inc Carmel, IN | $2,332,452 | $1,838,824 |
Iowa Optometric Association West Des Moines, IA | $3,760,263 | $1,289,293 |